Bitcoin Intraday: as long as 104270 is support look for 108710
Jan 22, 2025 3:05 AM
as long as 104270 is support look for 108710.

Our pivot point stands at 104270.
Our preference:
as long as 104270 is support look for 108710.
Alternative scenario:
the downside breakout of 104270 would call for 102610 and 101620.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (106212) but above its 50 period moving average (104391).
Supports and resistances:
110690 **
109700 *
108710 **
107720
105671 last
104930
104270 **
102610 *
101620 **
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